Bank Leumi Fined $400 Million for Tax Evasion Scheme; Bans Compliance Officer
Israel-based Bank Leumi has agreed to pay a total of $400 million to resolve charges that it conducted an illegal cross-border scheme to help U.S. clients evade taxes by hiding income and assets in offshore bank accounts at the bank’s locations in Israel, Switzerland, Luxembourg, and the United States. Details ...
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ArticleFormer startup CEO gets 7 years in prison for $175M fraud against JPMorgan Chase
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.